Sean Michael Oconnor Sells 104,934 Shares of StoneX Group (NASDAQ:SNEX) Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman Sean Michael Oconnor sold 104,934 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $74.33, for a total transaction of $7,799,744.22. Following the completion of the transaction, the chairman owned 1,750,447 shares in the company, valued at approximately $130,110,725.51. This trade represents a 5.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Oconnor also recently made the following trade(s):

• On Monday, June 15th, Sean Michael Oconnor sold 112,500 shares of StoneX Group stock. The stock was sold at an average price of $90.28, for a total transaction of $10,156,500.00.
• On Friday, June 12th, Sean Michael Oconnor sold 112,500 shares of StoneX Group stock. The stock was sold at an average price of $87.43, for a total transaction of $9,836,250.00.
• On Tuesday, May 19th, Sean Michael Oconnor sold 108,210 shares of StoneX Group stock. The stock was sold at an average price of $73.29, for a total value of $7,931,071.60.
• On Friday, May 15th, Sean Michael Oconnor sold 210,105 shares of StoneX Group stock. The shares were sold at an average price of $73.54, for a total value of $15,451,121.70.
• On Monday, May 18th, Sean Michael Oconnor sold 131,685 shares of StoneX Group stock. The stock was sold at an average price of $74.31, for a total value of $9,785,073.40.

StoneX Group Stock Performance

NASDAQ:SNEX traded down $0.49 during mid-day trading on Tuesday, hitting $73.94. 215,240 shares of the stock were exchanged, compared to its average volume of 1,123,049. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 19.84 and a beta of 0.65. The firm’s 50-day simple moving average is $79.77 and its 200 day simple moving average is $74.63. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. StoneX Group Inc. has a fifty-two week low of $35.68 and a fifty-two week high of $94.66.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.31. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. As a group, equities analysts anticipate that StoneX Group Inc. will post 4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNEX. Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Wall Street Zen raised shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in StoneX Group by 129.0% in the first quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after purchasing an additional 43,678 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in StoneX Group during the first quarter worth about $449,000. Goldman Sachs Group Inc. grew its stake in StoneX Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock worth $17,240,000 after buying an additional 13,815 shares in the last quarter. United Services Automobile Association bought a new position in StoneX Group in the 1st quarter valued at about $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in StoneX Group by 55.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock valued at $8,182,000 after buying an additional 38,073 shares during the period. Institutional investors own 75.93% of the company’s stock.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.